AdvisorNet Financial Inc Acquires 611 Shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB)

AdvisorNet Financial Inc increased its holdings in shares of Schwab Fundamental U.S. Broad Market Index ETF (NYSEARCA:FNDB) by 5.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,938 shares of the company’s stock after purchasing an additional 611 shares during the period. AdvisorNet Financial Inc owned 0.14% of Schwab Fundamental U.S. Broad Market Index ETF worth $857,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pineridge Advisors LLC bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the 4th quarter valued at $93,000. Planned Solutions Inc. bought a new stake in Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter valued at about $94,000. Kendall Capital Management purchased a new position in Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter valued at about $200,000. Foster & Motley Inc. bought a new position in Schwab Fundamental U.S. Broad Market Index ETF in the fourth quarter worth about $205,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Schwab Fundamental U.S. Broad Market Index ETF during the fourth quarter valued at about $221,000.

Schwab Fundamental U.S. Broad Market Index ETF Trading Up 0.6 %

Shares of NYSEARCA:FNDB traded up $0.41 during trading on Monday, reaching $66.24. The stock had a trading volume of 13,517 shares, compared to its average volume of 30,143. The company has a market capitalization of $755.14 million, a P/E ratio of 17.65 and a beta of 0.86. The firm’s 50-day simple moving average is $64.81 and its 200 day simple moving average is $63.29. Schwab Fundamental U.S. Broad Market Index ETF has a one year low of $52.39 and a one year high of $66.46.

Schwab Fundamental U.S. Broad Market Index ETF Company Profile

The Schwab Fundamental U.S. Broad Market Index ETF (FNDB) is an exchange-traded fund that is based on the Russell RAFI US index. The fund tracks a US equity index, selected and weighted based on three fundamental factors (sales, cash flow and dividends\u002Fbuybacks). FNDB was launched on Aug 8, 2013 and is managed by Charles Schwab.